Summary of Proposed Investment
Project Number
10561
Company Name
RAIFFEISEN BANK DD BOSNA I HERCEGOVINA
Date SPI Disclosed
Nov 21, 2000
Country
Bosnia and Herzegovina
Industry
Financial Markets
Projected Board Date
Dec 31, 2000
Status
Completed
Sector
Commercial Banking - Housing Finance
Department
Global Industry, Financial Markets
Environmental Category
FI
Previous Events
Approved : Jun 26, 2002
Signed : Jan 13, 2003
Invested : Mar 6, 2003
Project Description
RBBH is currently the leading commercial bank in Bosnia and operates in all parts of the country. As of June 30, 2000 RBBH had total assets of KM (=DEM) 167 million (USD 80 million) and equity of KM 22.3 million (USD 10 million). The project will support the fledgling Bosnian SME sector by providing RBBH with a seven-year loan of up to DEM 20 million for on-lending to SMEs and retail loans. The proceeds of IFC''s loan will be used to (i) refinance existing working capital loans to Bosnian SMEs (loans for investments, which - because of the lack of long term loans - were financed with short term loans) (ii) extend term loans to Bosnian SMEs to support new investments and (iii) grant loans to private individuals to refurbish or buy apartments/houses.
Sponsor / Cost / Location
Development Impact
Related ESRS/ERS
Contacts
For Inquiries About the Project, Contact
RReichel@ifc.org